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The People's Bank of China pledges assets to refinance certain municipalities under a new pilot scheme; Singapore locks in benefits for Suzhou and Tianjin treasury centres; While new details leaked on HKMA’s treasury ...
Banks began processing international renminbi payments through China’s new cross-border interbank payment system (Cips) sparking wide acclaim from participants.
When “know your client” rules for correspondent banking went live, banks responded by exiting countries and products en-masse. New onboarding and database tools should help to reverse this worrying trend.
Treasurers at MNCs, Chinese multi-nationals, and banks confirm that new measures raising the ceiling for RMB x-border sweeping transactions were welcomed .
Several senior bankers in Standard Chartered’s transaction banking division have shifted positions, including George Nast, newly global head of sales & client management.
